How to format statistics in ArcGIS Pro report

[CraigCarsley]

I'm trying to output a report of values which are fractions in my database, but need to be displayed as percentages in an ArcGIS Pro Report.

Example: 

In the database

Yes = 0.349

No = 0.651

I would like these to show up in the report as 
Yes = 34.9%

No = 65.1%

I went into the 'Update Statistic' properties for the dynamic text and changed the Number Format to 'Percentage', but it doesn't have any effect. The report just shows the number as a decimal (as it is in the database table). 

Here are my settings:

Again, the result for these settings is still 0.349 and 0.651.

What am I missing?